In a suit, Sahara and its chairman, Subrata Roy, asked the Kolkata High court to stop publication of the book and demanded $32.3 million in damages, at 24% annual interest.
Roy—who is embroiled in a contentious battle with financial regulators over nearly $3 billion that the company claims to have refunded to its investors—appears to have been participating in the book’s writing originally. He granted interviews to Bandyopadhyay, one of which was published one by Mint in March, with a long introduction explaining Sahara’s long and tangled history with regulators. The lawsuit alleges the book incorrectly questions the company’s source of funds, business management and the way it treats investors, as well as falsely accusing Sahara of paying for an entry in the Guinness Book of World records. (These questions, except for the very last, have also been raised publicly by Indian regulators.) The suit also states that reports of Roy’s “unnatural interest” in a Kashmiri painter and singer known as “Apple,” are untrue.